New Stocks From Magic Formula Investing This Week

As we are outside of earnings season, there was not a significant amount of change in the screens last week. We did have Conversant (CNVR) drop out, as it received a buyout offer last week and soared over 30%. NHTC continues to teeter on the edge of being in and out, while steady rises in BAH and MYGN have pushed them out of value territory, according to MFI.

The new name here is AVID, which makes video editing software. While this is currently an over-the-counter (OTC) stock, it is moving to the NASDAQ which will increase its visibility and trading volume, which often leads to a pop in the stock. Still, this does not look like a very profitable company to me at a glance. It could use a closer look.

Here are the lists:

Entering the 50 over 50 million screen:

Avid Technology Inc. (AVID)
Ituran Location and Control Ltd (ITRN)
Wayside Technology Group (WSTG)

Dropping out of the 50 over 50 million screen:

Booz Allen Hamilton Holding Corp (BAH)

Conversant Inc (CNVR)
Natural Health Trends Corp (NHTC) Entering the 50 over 1 billion screen:

Chemed Corp (CHE)

Dropping out of the 50 over 1 billion screen:

Conversant Inc (CNVR) Entering the 30 over 3 billion screen:

Myriad Genetics Inc (MYGN)

Dropping out of the 30 over 3 billion screen:

Oracle Corp (ORCL)